SFGTV: San Francisco Government Television
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Jan 16, 2012
01/12
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we do know the city will control the parcels and the tax increment will flow to the transit center, but the exact process we have not figured out yet. in terms of housing, i think the bill that has been introduced in the legislature would be a big step towards protecting the affordable housing funds, but it would not be the whole answer. >> as i understand it, part of the central stated intent of the governor is to eliminate funding for affordable housing. certainly i spent months of 2011 as various part of coalitions trying to stop from happening what happened, and it was communicated in no uncertain terms that eliminating funding was not an unintended consequence, it was the goal. i would be very surprised if the governor signs the bill. that said, i have been as surprised allot in the past year. i would think we should not count on that. and but i guess it is not the is not tpga to figure this out. i do not know what we do. supervisor kim: thank you. >>director ortiz: i hope that my people are showing up to support there'll steinbedarrel steinbe'. >>> we are definitely supporting it.
we do know the city will control the parcels and the tax increment will flow to the transit center, but the exact process we have not figured out yet. in terms of housing, i think the bill that has been introduced in the legislature would be a big step towards protecting the affordable housing funds, but it would not be the whole answer. >> as i understand it, part of the central stated intent of the governor is to eliminate funding for affordable housing. certainly i spent months of 2011...
SFGTV: San Francisco Government Television
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Feb 16, 2017
02/17
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k project moving on to page 3 since 2004 the sfmta has managed the cash needs of the in case sales tax with a short time plan that was established step outside the box years ago we did this method because slower than moumsz for reimbursement we've been companionship monitoring the various projects we've allocated and with the amendments approved as scheduled as the sponsors indicated to us that their project was not moving as fast we had anticipated issuing a long term bonds 10 years ago but maintained the paper program for 10 years and saved money from the interest costs towards the bond and instead it has gone to more prop k projects then on page 4 singles 2015 you may remember this committee approved the commercial paper program we had a $20 million and replaced with the tax exempt revolving agreement a loan with the commercial bank we had requested one and $40 million loan and currently have the 4 outstanding so we are paying every year with tax revenue to decrease that balance and now outstanding balance of $46 million we can draw for future prop k projects our strategy is to use
k project moving on to page 3 since 2004 the sfmta has managed the cash needs of the in case sales tax with a short time plan that was established step outside the box years ago we did this method because slower than moumsz for reimbursement we've been companionship monitoring the various projects we've allocated and with the amendments approved as scheduled as the sponsors indicated to us that their project was not moving as fast we had anticipated issuing a long term bonds 10 years ago but...
SFGTV: San Francisco Government Television
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Mar 4, 2015
03/15
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there is another pledged property tax to the tjpa. this is an estimate and the actual disbursement is what is available in june and the next amount and from the formerly state owned parcels. whatever increment we receive and housing get a net share of that. there is amount for calpers for retiree health and unfunded liability and the pension. i will talk about that in a moment but they come to 1.1 million and finally some other small items that were there, the $700,000 related to transbay, some of the asset management costs and grant match that is carried forward on the shipyard. so the largest thing on this rops -- why it's a large total amount comes from the other funds and that includes almost $300 million that passed through our agency so it's not things that we're spending here. we're hoping to conclude the sales -- this was mentioned lasted week that these are sales that -- one of them already occurred but we need the authority on the rops. we didn't include it on this one and block nine and the other ones we hope that completed
there is another pledged property tax to the tjpa. this is an estimate and the actual disbursement is what is available in june and the next amount and from the formerly state owned parcels. whatever increment we receive and housing get a net share of that. there is amount for calpers for retiree health and unfunded liability and the pension. i will talk about that in a moment but they come to 1.1 million and finally some other small items that were there, the $700,000 related to transbay, some...
SFGTV: San Francisco Government Television
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Apr 18, 2011
04/11
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when those parcels were purchased, they were gone forever from our tax will -- tax roll. all of that tax base was gone forever. what is so exciting here is the ability to leverage the new tax base, again, combined with private improvements, to submit a substantial local match and to far exceed any competition we would likely have in the bay area and a track those transit dollars. the schedule for that is as follows -- i will come back here in may with some projections for binding capacity to show you what is possible. meanwhile, sfmta hope to hear back. that is a $300,000 grant. we will be able to get pricing, just thematic level, which will allow our office to actually prepare a draft infrastructure financing plan. an identical to the plan that will sketch out the funding strategy for the next 30-plus years. if the project is approved, we will be able to move forward with actual formation in 2012, and that means that money will become a reality. peter l. but also mention the loan, something you are probably familiar with. it is possible that we could utilize that program
when those parcels were purchased, they were gone forever from our tax will -- tax roll. all of that tax base was gone forever. what is so exciting here is the ability to leverage the new tax base, again, combined with private improvements, to submit a substantial local match and to far exceed any competition we would likely have in the bay area and a track those transit dollars. the schedule for that is as follows -- i will come back here in may with some projections for binding capacity to...
SFGTV: San Francisco Government Television
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Feb 19, 2011
02/11
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tax increments to other projects. they would be able to get these as passed through back to the city and distribute as property- tax is. this gives you some of the requirements of the redevelopment which we had exceeded in many instances. the affordable scum of the hurdle is 30%. this is the transition plan which is extremely important. this is a major benefit to what is happening on the island. what happens and what is the benefit. some are doing 1% affordable projects. this can be forcing the housing or family housing but this is a typical affordable project you see in development areas. we have the homeless initiative and they are a consortium of nonprofits providing services. we have had an ongoing relationship with them since the base was closed and it came out with a federal law. this has been an enormous success there. they are providing services to almost -- families and individuals. they are obviously a very important part of what we do on treasure island. then there are the inclusionary units which you are a
tax increments to other projects. they would be able to get these as passed through back to the city and distribute as property- tax is. this gives you some of the requirements of the redevelopment which we had exceeded in many instances. the affordable scum of the hurdle is 30%. this is the transition plan which is extremely important. this is a major benefit to what is happening on the island. what happens and what is the benefit. some are doing 1% affordable projects. this can be forcing the...
SFGTV: San Francisco Government Television
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Oct 18, 2011
10/11
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you can improve the tax payer money. in these dire economic times, one of the checklists should be standards. another should be quality of life issues. another should be safety. i cannot understand how you are going to have bike lanes by cargo way, when we have all of these huge trucks going by. the bridge that was built was narrow. nearby companies each contributed $100,000 towards that bridge. the bridge should have been a little bit wider. what i'm saying is, let's have recreational, other types of activities, in an environment that does not adversely impact our children and others. that includes parents had park. i spoke to the authority. they said that they are going to give so much money, when they themselves have areas that they need to look after which are not well kept. this is the finance committee. the previous was the plans and programs. you can connect the dots. i would support having a mechanism to address what i am saying. commissioner mar: thank you. next speaker. >> god bless you you make striving brand
you can improve the tax payer money. in these dire economic times, one of the checklists should be standards. another should be quality of life issues. another should be safety. i cannot understand how you are going to have bike lanes by cargo way, when we have all of these huge trucks going by. the bridge that was built was narrow. nearby companies each contributed $100,000 towards that bridge. the bridge should have been a little bit wider. what i'm saying is, let's have recreational, other...
SFGTV: San Francisco Government Television
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Sep 4, 2010
09/10
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i would rate the chances of the governor's signing the bill and a tax increase is highly unlikely. we are also cutting $20 billion. who knows what is in store for us? commissioner mar: commissioner elsbernd. commissioner elsbernd: is it realistic that if the governor allows any change in the blf, they will keep the money for themselves? the bill will not allow us to do anything. >> correct. they would be using that to close the gap. whether they send that to the local government -- the net would be to the states benefit, not to local. . commissioner mar: thank you. >> thank you. commissioner mar: are there any other items? any other questions? seeing none, this is not an action item, but let's open this up for public comment. is there anyone from the public that would like to speak? seeing none, public, it is closed. next item. >> introduction of new items. this is an intermission commissioner mar: mar. seeing nonintermission item. item 10. adjournment. commissioner mar: thank you, everyone. the meeting is adjourned. >> good morning, everybody. this is the tuesday, july 13th meetin
i would rate the chances of the governor's signing the bill and a tax increase is highly unlikely. we are also cutting $20 billion. who knows what is in store for us? commissioner mar: commissioner elsbernd. commissioner elsbernd: is it realistic that if the governor allows any change in the blf, they will keep the money for themselves? the bill will not allow us to do anything. >> correct. they would be using that to close the gap. whether they send that to the local government -- the...
SFGTV: San Francisco Government Television
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Aug 22, 2016
08/16
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balance and the open space fund continues to reflesh on one and a half million dollars depending on the tax in the city. >> so my last question it is this a property that we absolutely have to have i mean. >> i'm hard-pressed yeah, i'm hard-pressed to identify from my perspective. >> this is so expensive. >> this is the burn in the hand every other opportunities that is out there is highly speculative or not meeting neighborhood park programming needs we have things of which many as part of developments all of those are quarter of an acre and less and those are the types of things like plazas inside residential buildings that allow restricted use and then you have some of the larger plans 10 to 15 years away and require complex new york city with other agency which strip us in terms of budget mandate if we want to being sure to be able to provide guarantees we've provided a park sized amenity somewhere in central soma this is our current best opportunity we look at yeah. i think this is our current best opportunity we spent during the task force 3 years we/real estate go out and canvas over
balance and the open space fund continues to reflesh on one and a half million dollars depending on the tax in the city. >> so my last question it is this a property that we absolutely have to have i mean. >> i'm hard-pressed yeah, i'm hard-pressed to identify from my perspective. >> this is so expensive. >> this is the burn in the hand every other opportunities that is out there is highly speculative or not meeting neighborhood park programming needs we have things of...
SFGTV: San Francisco Government Television
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Feb 3, 2013
02/13
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this is a very high-level summary of the allocations and expenditures made from the prop k sales tax rpogram. detailed report on pages 46-47. the total allocations, 83 million, close to 1 billion to date. as i mentioned here, the red numbers of the difference between applications and expenditures which is the lag i talked about. the next few slides will provide highlights of some of the projects and programs being delivered through many of the different fund sources that the programmer we prioritize by working with the mtc< state and general funds; state transportation improvement program is probably the most reliable source ever given the current issues in the state budget. however we only got 16 billion it was a banner year and fulfilled one of our long-standing commitment made in 2001, doyle drive, presidio park. obligation on that is fulfilled. we have a loan to pay back to mtc; a petition has been funds and i'm not good to advantage of that opportunitywith the board issued to provide muni would not hundred thousand for pedestrian improvement. the transportation program, it is a
this is a very high-level summary of the allocations and expenditures made from the prop k sales tax rpogram. detailed report on pages 46-47. the total allocations, 83 million, close to 1 billion to date. as i mentioned here, the red numbers of the difference between applications and expenditures which is the lag i talked about. the next few slides will provide highlights of some of the projects and programs being delivered through many of the different fund sources that the programmer we...
SFGTV: San Francisco Government Television
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May 26, 2012
05/12
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the current general tax rate that applies is 1.15% give or take every year. including the 0.55% raise that would bring the tax burden in the plant area to 1.7%. still substantially under the theoretical 2% cap. melarose is a common use in redevelopment areas. the proposed rate at the new treasure island development project would bring the total package to 1.8 percent signed. that would be a 10th of a percent what we're proposing here. we're working with economic consultants and have led us to strongly believe this is a supportable rate, that it can be well accommodated by the increases in land value that is expected in the plan area. it is important to know that just looking at office space, an increase insupportable office rent is only three or $4 and would more than outweigh the annual cost to projects. we're talking about office rents that will already be in the $70 range. it is a relatively small increments. there were questions about what projects that it would apply to. the trigger for the new mechanisms is the construction of new development. we do not
the current general tax rate that applies is 1.15% give or take every year. including the 0.55% raise that would bring the tax burden in the plant area to 1.7%. still substantially under the theoretical 2% cap. melarose is a common use in redevelopment areas. the proposed rate at the new treasure island development project would bring the total package to 1.8 percent signed. that would be a 10th of a percent what we're proposing here. we're working with economic consultants and have led us to...
SFGTV: San Francisco Government Television
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Jan 24, 2012
01/12
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city responded with proposition 22 withich prevented the state from taking tax increments. the governor's solution to the problem was to abolish redevelopment in order to get access to that money to close a budget gap for the 2011-2012 budget year. in order to do that, the legislature passed a be 26 and ab 27. ab 26 eliminated redevelopment, require that they liquidate their assets, for a successor agencies to pay down all of the enforceable obligations of redevelopment agencies, but otherwise, to terminate redevelopment as we know it. in conjunction, the legislature passed a be 27, which allowed them to continue for some payments of the tax increment in redevelopment areas to close the budget gap that the governor required. the redevelopment agencies and cities challenged proposition 26 and 27 as the violating proposition 22, and on the basis of the other arguments. on december 29, the supreme court upheld proposition 26 and struck down proposition 27 passed by letting -- ab 27 on the ground that it violated proposition 22. the redevelopment agencies are to dissolve as of
city responded with proposition 22 withich prevented the state from taking tax increments. the governor's solution to the problem was to abolish redevelopment in order to get access to that money to close a budget gap for the 2011-2012 budget year. in order to do that, the legislature passed a be 26 and ab 27. ab 26 eliminated redevelopment, require that they liquidate their assets, for a successor agencies to pay down all of the enforceable obligations of redevelopment agencies, but otherwise,...
SFGTV: San Francisco Government Television
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Jan 19, 2012
01/12
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conjunction, the legislature passed a be 27, which allowed them to continue for some payments of the tax increment in redevelopment areas to close the budget gap that the governor required. the redevelopment agencies and cities challenged proposition 26 and 27 as the violating proposition 22, and on the basis of the other arguments. on december 29, the supreme court upheld proposition 26 and struck down proposition 27 passed by letting -- ab 27 on the ground that it violated proposition 22. the redevelopment agencies are to dissolve as of february 1 of this year. with respect to the transbay project, we feel we are an enforceable obligation, as it is defined in ab 26. because of the fact that this project is under construction and is based on a financial plan that requires tax increments that this project is essential to grandfathered under the language of ab 26. we feel we have a strong case that the tax increment from the state transfer parcels from the redevelopment plan continues to flow to this project. >> the mayor and supervisor cohen recently introduced a resolution regarding the
conjunction, the legislature passed a be 27, which allowed them to continue for some payments of the tax increment in redevelopment areas to close the budget gap that the governor required. the redevelopment agencies and cities challenged proposition 26 and 27 as the violating proposition 22, and on the basis of the other arguments. on december 29, the supreme court upheld proposition 26 and struck down proposition 27 passed by letting -- ab 27 on the ground that it violated proposition 22. the...
SFGTV: San Francisco Government Television
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Nov 12, 2010
11/10
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you can combine a tax increase with an equal amount of tax reductions. this past year there has been the ongoing potential for an oil searches tax on california home oil companies,off set by minor reduction ns a host of other taxes -- reductions in a host of other taxes. now that result requires a 2/3 vote. so it pretty much takes that revenue blending tax shifting off the table. the second thing it does at the state level is it redefines regulatory fees and taxes and requires them to be passed with a 2/3 vote. if you have heard of the sinclair-paint division -- decision where it was used for other cases, that is now illegal. unless it is passed by a 2/3 vote of the legislature. that is the key things it does at the state level. >> at the local level what prop 26 is requires us to public -- put regulatory fees before the public? mar or a regulatory fee. supervisor mar: commissioner maxwell? supervisor maxwell: give us an excellent? >> alcohol. >> that was passed prior to 2010 and just stays the same. you will be able to leave that on the books. if you in
you can combine a tax increase with an equal amount of tax reductions. this past year there has been the ongoing potential for an oil searches tax on california home oil companies,off set by minor reduction ns a host of other taxes -- reductions in a host of other taxes. now that result requires a 2/3 vote. so it pretty much takes that revenue blending tax shifting off the table. the second thing it does at the state level is it redefines regulatory fees and taxes and requires them to be passed...
SFGTV: San Francisco Government Television
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Sep 4, 2010
09/10
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sales tax revenues represents 53.2% of the total revenues for the authority. the next largest funding is from the state. this is funding coming from the mtc and the state and local program. the next largest funding source is from the federal grant funding. this is approximately 8% of the authority's budget. this is funding from the highway bridge program. lastly, we have revenue coming in from regional grants and program funding for 3%. interest earnings of approximately 1.2%. commissioner mar: before you leave that slide, i want to make sure the sales tax assumptions match the controllers assumptions? >> yes, it does. on the next slide, a pie chart of total expenditures for the fiscal year. proposed expenditures are for $187.2 million. capital project expenditures is the bulk of the total expenditure budget. this represents 91.2% of all projects. we have the projects here. the next largest expenditure is for debt service. this represents 4.7% of the budget. this is related to interest payments for the commercial paper program and payments in regards to our li
sales tax revenues represents 53.2% of the total revenues for the authority. the next largest funding is from the state. this is funding coming from the mtc and the state and local program. the next largest funding source is from the federal grant funding. this is approximately 8% of the authority's budget. this is funding from the highway bridge program. lastly, we have revenue coming in from regional grants and program funding for 3%. interest earnings of approximately 1.2%. commissioner mar:...
SFGTV: San Francisco Government Television
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Feb 18, 2014
02/14
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attempt by the contractors allied labor to qualify a measure for the ballot that will have a imposed tax on vehicles so far local road repair. after be looking at the language that the attorney general asphyxiate or proposed to affix to the petition and consulting with the stakeholders they've decided not to proceed this year. in effect it's dropped it's not preceded to the petition stage so no measure on the 2015 or 2016 ballot. high-speed rail i'm sure you're aware of the high-speed rail practice writing program is awaiting the governor's results of the accelerated request from the supreme court that the court can say back to the appellant court and briefs are a due later this, r week and we'll see how that turnout. it's an accelerate process and the appellant court will offer see is supreme courts activities take into consideration the new briefs and within two months we'll have some clarity on the high-speed rail so the treasure can go to market if the court were to direct that. cap and trade amber alluded to one of the biggest issues about cap and trade this region and as well as ot
attempt by the contractors allied labor to qualify a measure for the ballot that will have a imposed tax on vehicles so far local road repair. after be looking at the language that the attorney general asphyxiate or proposed to affix to the petition and consulting with the stakeholders they've decided not to proceed this year. in effect it's dropped it's not preceded to the petition stage so no measure on the 2015 or 2016 ballot. high-speed rail i'm sure you're aware of the high-speed rail...
SFGTV: San Francisco Government Television
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Mar 8, 2012
03/12
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state program called state local partnerships which requires a dollar for dollar match from local sales tax funds. we cannot use our share of state funds or any thing else to match that. if we forgo the $9.6 million, we would be creating a much bigger role by becoming an eligible for the state fund. these are the complexities of a project that has 2000 funding sources helping it. that is the reality of these big budgets. they need many different funding sources in order to materialize. sometimes, we need to deal with the complexities that that creates in getting to the final stretch of these things. the time line is very short on this. as the chair mentioned, mtc is poised to act on this tomorrow had their programming and allocations committee. as well, the transportation commission will release its own recommendations. both the mtc and california transportation commission will be voting in april of this month -- this year. we need to do this today so that they can act later on. that explains the reason for the special meeting today. that is the summary of the item. it is an action item. i
state program called state local partnerships which requires a dollar for dollar match from local sales tax funds. we cannot use our share of state funds or any thing else to match that. if we forgo the $9.6 million, we would be creating a much bigger role by becoming an eligible for the state fund. these are the complexities of a project that has 2000 funding sources helping it. that is the reality of these big budgets. they need many different funding sources in order to materialize....
SFGTV: San Francisco Government Television
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Feb 2, 2011
02/11
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job losses mean taxes the city and county are going to use. -- are going to lose. i live in district 5. i definitely want to support the resolution to save kusf also. >> i am a member of the chinese radio and a community advocate. there is a commercial organization bringing in a program on kusf. [unintelligible] they bring in chinese music and education, and other relevant information in the san francisco area. these programs have received an outstanding award as the best radio program. there are many newcomers in this area. they would like to hear this chinese radio on kusf fm, 90.3. i sincerely appreciate your support. thank you. president chiu: next speaker. >> good evening, board of supervisors. my name is j.j. hollingsworth. i have a master's from the san francisco conservatory of music. i have been an occasional guest on kusf, and i am here in support of saving kusf. since my colleagues have spoken most eloquently, i have nothing more to add except that i would really like to see them pull the plug on rush limbaugh. [laughter] president chiu: next speaker. >>
job losses mean taxes the city and county are going to use. -- are going to lose. i live in district 5. i definitely want to support the resolution to save kusf also. >> i am a member of the chinese radio and a community advocate. there is a commercial organization bringing in a program on kusf. [unintelligible] they bring in chinese music and education, and other relevant information in the san francisco area. these programs have received an outstanding award as the best radio program....
SFGTV: San Francisco Government Television
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Dec 7, 2011
12/11
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on the first slide, this is the key document that will maintain our cities eligibility in gas tax. regional priorities, the regional transportation improvement program will be adopted. so if you go to slide 5, these are basically the key findings to monitor how the congestion monitoring program network forms every number of years. you can see we basically have very flat travel speeds from 2009 to 2011 with the exception of amt freeways. there is a decrease in speed, and a number of reasons for that. we are positing that a number of people were deciding to look for employment coming out of the recession, perhaps looking for more regional head of freeways, and there could be many reasons, but that could be one of them. another reason to look at the congestion monitoring program is the transit, how it compares to auto travel speeds. we find that transit tends to be one-and-a-half times or two and a half times longer than a bottle crawlspace, particularly on the segments we are focusing, like the ad and a -- like the avenue where i could get up to as much as four times the amount of tr
on the first slide, this is the key document that will maintain our cities eligibility in gas tax. regional priorities, the regional transportation improvement program will be adopted. so if you go to slide 5, these are basically the key findings to monitor how the congestion monitoring program network forms every number of years. you can see we basically have very flat travel speeds from 2009 to 2011 with the exception of amt freeways. there is a decrease in speed, and a number of reasons for...
SFGTV: San Francisco Government Television
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Apr 17, 2011
04/11
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you can see that the lightest source is our sales tax revenue. we expect to collect $72 million in the next fiscal year. the second largest is the revenue for bridge tolls of the presidio parkway project. the next largest fees of revenue is the federal funding grant for the ybi improvement project for the san francisco transportation plan and electrification project. the next source, we have interest earnings of 1.2%, representing $1.2 million in revenue for the fiscal year. the next chart that we have, very historical, showing you the history of sales tax revenue. starting in 2004 we collected 68 million revenues. we had an all-time high in 2007, collecting again in 2008-2009, but collecting plastic in revenues. supervisor mar: that is including the creep upwar? >> the next slide that we have is the fiscal year 2011-2012 expenditures. 90% is for capital projects and expenditures. the past pay projects, they are sf -- pedestrian, bicycle programs. the debt service expenditures represents the fine surface of the other personnel expenditures, which
you can see that the lightest source is our sales tax revenue. we expect to collect $72 million in the next fiscal year. the second largest is the revenue for bridge tolls of the presidio parkway project. the next largest fees of revenue is the federal funding grant for the ybi improvement project for the san francisco transportation plan and electrification project. the next source, we have interest earnings of 1.2%, representing $1.2 million in revenue for the fiscal year. the next chart that...
SFGTV: San Francisco Government Television
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Apr 11, 2011
04/11
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the only funding source that we have, really, is sales tax dollars. it can only go so far by and these issues that you are mentioning. i cannot speak to why there was better communication, but there is a level of concern within the agency over promising things that we cannot deliver. but we are very aggressive in looking for outside funding sources. safety is more limiting than traffic or bicycle safety, something that we can try to change in a broadway with discussions focusing on how we can be influential beyond just san francisco, but also statewide and national late to create funding sources. how do we strategically build up the capital system to make it strategically better for pedestrians? often, i get a lot of communication from other agencies doing that. i think -- if you have the money, we could put in the best now. but i am looking for the money, do not have the money. to give you an insight on what it looks like on our end, we can come up with great solutions but we cannot fund them. where do we go from there? it is a difficult situation. s
the only funding source that we have, really, is sales tax dollars. it can only go so far by and these issues that you are mentioning. i cannot speak to why there was better communication, but there is a level of concern within the agency over promising things that we cannot deliver. but we are very aggressive in looking for outside funding sources. safety is more limiting than traffic or bicycle safety, something that we can try to change in a broadway with discussions focusing on how we can...
SFGTV: San Francisco Government Television
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Sep 17, 2012
09/12
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the park would be funded by tax increment from redevelopment agency but most is on tgpa property so we are working with the tgpa to coordinate that as well. that concludes the presentation. >> thank you. we have a question from director ortiz. >> i assumed this project was started while the redevelopment agency was still in existence, correct? yeah, the redevelopment project started when redevelopment agency was in existence. >> has the department of finance recognized this obligation? >> they have. we have an overarching obligation for infrastructure in project area. not just this park but there's a lot of thesering infrastructure improvements. folsom street improvements, realignment of on ramp at fremont and fulsom. those are all in the props. >> we have three area plans approved by department of finance. that includes the transbay redevelopment area plan. director ruskin. >> i know you have thought this out, renderings look nice. * light colors like nice especially that ramps are not there. recognized -- but given the ramps are not there i would assume and encourage that considerati
the park would be funded by tax increment from redevelopment agency but most is on tgpa property so we are working with the tgpa to coordinate that as well. that concludes the presentation. >> thank you. we have a question from director ortiz. >> i assumed this project was started while the redevelopment agency was still in existence, correct? yeah, the redevelopment project started when redevelopment agency was in existence. >> has the department of finance recognized this...
SFGTV: San Francisco Government Television
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Mar 20, 2012
03/12
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hopefully not by taxing people or increasing parking. it is already a pretty expensive place to live, so we do not want to make it harder for folks. we are coming up with ideas to generate revenue. we're getting better. each of three or four months, we did our report from how all of our hotels and restaurants and revenue producing businesses are doing. banks and everything else. they're telling us more people are spending money to buy stuff. therefore, we are getting a tax revenue increase. we're not out of the woods yet. we will still try to make sure we have some discipline in the budget process and that we do not overspend what we do not have. how can the mayor were to create jobs for youth? i think i answered that earlier. with those programs. i would like to work with all of you, your ideas to not only have jobs, but what would make it even fun to work in this city? when i grew up, i had all kinds of jobs. i was working in my dad's restaurant, other people's restaurants, i did everything to make a little bit of money. we even had to
hopefully not by taxing people or increasing parking. it is already a pretty expensive place to live, so we do not want to make it harder for folks. we are coming up with ideas to generate revenue. we're getting better. each of three or four months, we did our report from how all of our hotels and restaurants and revenue producing businesses are doing. banks and everything else. they're telling us more people are spending money to buy stuff. therefore, we are getting a tax revenue increase....
SFGTV: San Francisco Government Television
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Mar 13, 2012
03/12
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this is like the tax deadline. everyone turning in the project late, there is a real time crunch. if i were a betting person i would say that this had a chance to make it through, but there is still a slight risk. supervisor chu: can you explain to me where it was the ball was dropped them up >> yes, and we have staff here. there are four major regions -- major reasons for that. one with the addition of the new bicycle facilities. there had to be extra design in the conceptual section to make sure it was put in. the project manager on the switch left, so they had to reassign the project manager. also, the mta street division, which is not managing this project, reorganized to the geographic team. finally, there was a bit of a breakdown between the mta in anddpw -- and dpw. because the project managers had switched, this project was not high enough on the list to get a designer moving in time to meet the deadline. we have discussed the deadline with mtc and they have a manager ready to go on the project, ready to move forward in the next week or two to put the package together. tha
this is like the tax deadline. everyone turning in the project late, there is a real time crunch. if i were a betting person i would say that this had a chance to make it through, but there is still a slight risk. supervisor chu: can you explain to me where it was the ball was dropped them up >> yes, and we have staff here. there are four major regions -- major reasons for that. one with the addition of the new bicycle facilities. there had to be extra design in the conceptual section to...
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Jan 30, 2013
01/13
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smaller projects; prop k has money for curve walks, pedestrian signals, the major feature of the sales tax program. i have the audit on the agenda. congratulations to cynthia and the board; we continue to have a good credit rating. we have not had to issue bonds but we are prepared to that. we have negotiated a letter of credit; there is a significant cost savings, just under 1 million dollars a year that are now available for projects. we have had a big office move; congratulations to cynthia and her staff. if you have not looked at the window recently it is converted to residential use. last but not least i want to reiterate what jose luis and the chair have said about the leadership of the board; and more more about the public and private partners. a huge thanks to the wonderful staff past and present and our interns who have done amazing things. i want to mention anthony adams who created interactive maps. you can find the project, cost phase and completion. we expect this to go live next month. thank you. >> thank you for your presentation; the interactive map something and fantastic;
smaller projects; prop k has money for curve walks, pedestrian signals, the major feature of the sales tax program. i have the audit on the agenda. congratulations to cynthia and the board; we continue to have a good credit rating. we have not had to issue bonds but we are prepared to that. we have negotiated a letter of credit; there is a significant cost savings, just under 1 million dollars a year that are now available for projects. we have had a big office move; congratulations to cynthia...
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Jan 24, 2015
01/15
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supervisors unanimously approved the legislation to declare the election results, levy and special tax and i again want to thank mayor lee and the board of supervisors and our chairperson kim for her steadfast support of the cfd. we're beginning to solicit applications for the citizens advisory committee for the transbay joint powers authority and the applications will also are on our website. in particular, i want to mention that this year we have a daily cal train raider opening, as well as a daily ac transit rider opening. so always look forward to your recommendations. and now i would like to move on to our annual program status report. every year we give an annual status of what we did and what our accomplishments were the prior year in 2014. what the plan is for 2015, and where we expect to be by january of 2016. we will be reporting on accomplishments, our dbes program and public outreach as well. the members of our staff will give this report, starting with our program manager mark sabani. >> good morning, board members and happy new year. as nila mentioned the annual presentat
supervisors unanimously approved the legislation to declare the election results, levy and special tax and i again want to thank mayor lee and the board of supervisors and our chairperson kim for her steadfast support of the cfd. we're beginning to solicit applications for the citizens advisory committee for the transbay joint powers authority and the applications will also are on our website. in particular, i want to mention that this year we have a daily cal train raider opening, as well as a...
SFGTV: San Francisco Government Television
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Jan 20, 2013
01/13
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the result is that the state transit assistance is now based on the details sales tax receipts. that is a fluctuating amount of money and therefore we only rely on the projections over the course of the year. so far it looks pretty good. the other big news is that the state is looking pretty good. troop prop 30 passed, significant dollars in projected revenue. so i think we find ourselves in a cautiously optimistic time. we'll be following that as the year unfolds. we participate in that process through various trade associations and our meeting, in fact, next week with the commit staff working on the bill to have california's law conform for the federal law. cap and trade another very large statewide issue. san francisco as a city family is engaging on that through our advocacy, our lobbyists, as well as the league of cities, california state association of counties and others who have an interest in making sure that local government and transportation programs in particular, given that transportation emits 38% of the state's greenhouse gas emissions do see some benefit from th
the result is that the state transit assistance is now based on the details sales tax receipts. that is a fluctuating amount of money and therefore we only rely on the projections over the course of the year. so far it looks pretty good. the other big news is that the state is looking pretty good. troop prop 30 passed, significant dollars in projected revenue. so i think we find ourselves in a cautiously optimistic time. we'll be following that as the year unfolds. we participate in that...
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Jul 20, 2010
07/10
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i agree, earlier, as one of my own taxes were on their come i was not pleased. at the same time, i do not know how we would establish the process. >> two things. the consultants that corroborated this, it is a tough thing to try to replicate a feel the a ballot. there will obviously be a number of different ideas about what is a fair measure. that is why we emphasize this was not intended to do any kind of depth polling with the measures themselves, but to your fundamental question, which is how we avoid this situation in the future, and i think what council told you it is that there is almost a due diligence aspect to during this preliminary polling, so that the agency does not waste money to put something on the ballot that does not have a chance. in this case, that is not the case. we would not want to have that ability eliminated in the future, but i have thought about the issue, and i think what would be practical -- and practicality is the issue because some of these things happen in short order. i think it would be inappropriate for something like this, t
i agree, earlier, as one of my own taxes were on their come i was not pleased. at the same time, i do not know how we would establish the process. >> two things. the consultants that corroborated this, it is a tough thing to try to replicate a feel the a ballot. there will obviously be a number of different ideas about what is a fair measure. that is why we emphasize this was not intended to do any kind of depth polling with the measures themselves, but to your fundamental question, which...
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May 2, 2016
05/16
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as you know, the extensive, the cfd revenues, professional tax revenues as well as net tax interim revenues that are supposed to be generated within the district as well as the redevelopment plan area, what this is showing there's sufficient revenues showing they're just not coming in the time frame needed to complete the project by 2017. so the intent would be what we've been able to demonstrate through due diligence if revenues come in in the time frame we anticipate, we would be able to take out the financing in 5 to 6 years. if the recession based on some analysis we did with professional, it would last an additional 3 years. at most it should not be holding the paper for longer than 10 years, hence the partnership with mtc where they have agreed to stay with us for 5 years with an renewal of an additional 5 years within the district to mature. the next slide shows just the uses. the a typical format, it shows you a not 20 exceed amount of 260 million, it also shows you while providing (inaudible) as well as mtc's hundred million and the 247.5 million for the project and cost of issuanc
as you know, the extensive, the cfd revenues, professional tax revenues as well as net tax interim revenues that are supposed to be generated within the district as well as the redevelopment plan area, what this is showing there's sufficient revenues showing they're just not coming in the time frame needed to complete the project by 2017. so the intent would be what we've been able to demonstrate through due diligence if revenues come in in the time frame we anticipate, we would be able to take...
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Jan 16, 2013
01/13
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they did do a poll of possible sales tax . >> that is where it comes state and federal funding. so they are looking for some kind of local thing and that would be very difficult in the three counties, because the three counties look at it very differently. thanks. anybody else? anything? thank you very much. >> mr. chairman, no members indicated that they are interested in addressing you on this matter. so it's before you for agency. >> each we have a motion on this to support? >> so moved. >> second. >> any discussion? all those in favor, say aye? >> aye. >> item 14 authorizing the director to enact a small business enterprise bonding and financial assistance program on federally-assisted contracts including establishing a surety bond reserve fund and obtaining a letter of credit or alternate collateral for small business enterprises on the federally-assisted contract grams i'm virginia harmon and i manage the small business enterprise program. one of the greatest barriers to small business bidding on public works construction contracts is an inability to access the surety bond
they did do a poll of possible sales tax . >> that is where it comes state and federal funding. so they are looking for some kind of local thing and that would be very difficult in the three counties, because the three counties look at it very differently. thanks. anybody else? anything? thank you very much. >> mr. chairman, no members indicated that they are interested in addressing you on this matter. so it's before you for agency. >> each we have a motion on this to...
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Sep 27, 2011
09/11
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in context, the role for the local sales tax organization, like our own transportation authority, is bound to continue to grow, but tried to close at least some of the funding gaps created by the lack of resources. i think the prioritization process we have in place will serve us well, not just to guide us through the sales tax expenditures, but also to ensure we are leveraging those dollars with other funding sources, the day local, regional, or federal, so we can still deliver on the promise of proposition k to the voters. i want to remind you that in mid november we are hosting the annual meeting of the election, the organization that brings together all the local sales tax transportation authorities from around california. the executive director has more details on that. i hope that you will be able to attend and that we will be well represented there. it is an opportunity to meet our counterparts from around the state and highlight the city's attractions and the many things we are doing in transportation and in the bay area. this concludes my report. mr. executive director. >> g
in context, the role for the local sales tax organization, like our own transportation authority, is bound to continue to grow, but tried to close at least some of the funding gaps created by the lack of resources. i think the prioritization process we have in place will serve us well, not just to guide us through the sales tax expenditures, but also to ensure we are leveraging those dollars with other funding sources, the day local, regional, or federal, so we can still deliver on the promise...